CPA Canada Core 2 Practice Questions - CPA PEP Core 2 Management Accounting, Planning and Control Exam - CPA Canada Core 2 Practice Questions - CPA PEP Core 2 Management Accounting, Planning and Control Exam

Question 1

A company sells a product for $40 per unit with variable costs of $24 per unit. Fixed costs are $96,000. How many units must be sold to break even?

6,000 units 16,000 units 2,400 units 4,000 units

Correct Answer:

6,000 units

Question 2

Under a contribution-margin income statement, which cost behaviour classification is used to organize expenses?

By function (cost of goods sold vs. operating) By variable vs. fixed behaviour By controllable vs. non-controllable By product vs. period

Correct Answer:

By variable vs. fixed behaviour

Question 3

A firm has a contribution margin ratio of 40% and fixed costs of $200,000. What sales revenue is required to earn a target operating income of $80,000?

$$280,000 $$500,000 $$700,000 $$560,000

Correct Answer:

$$700,000

Question 4

Under activity-based costing (ABC), overhead is assigned to products primarily based on:

The relative sales revenue of each product line Direct material cost as the sole allocation base A single plant-wide rate using direct labour hours Cost drivers that capture the activities consumed by each product

Correct Answer:

Cost drivers that capture the activities consumed by each product

Question 5

A company budgeted 10,000 units but produced 9,000. Budgeted fixed manufacturing overhead was $120,000. Using a denominator of 10,000 budgeted units, what is the fixed overhead production-volume variance?

$$12,000 unfavourable $$12,000 favourable $$120,000 unfavourable Zero

Correct Answer:

$$12,000 unfavourable

Question 1

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Prepare with the CPA Canada Core 2 Practice Questions - CPA PEP Core 2 Management Accounting, Planning and Control Exam practice quiz. This question bank includes 100 questions covering cost, company, units, income, and operating. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CPA Canada Core 2 Practice Questions - CPA PEP Core 2 Management Accounting, Planning and Control Exam

This practice set contains 100 questions from the matching question bank and focuses on cost, company, units, income, and operating. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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CPA Canada Core 2 Practice Questions - CPA PEP Core 2 Management Accounting, Planning and Control Exam

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